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Business

Inflation: FinMin cautions about price pressures amid uncertainties

August 22, 2023 Vinayak Barot

Virendra Pandit New Delhi: Recent inflationary trends in prices of essential commodities, including tomatoes and onions, have prompted the Finance Ministry to caution the people that these pressures may remain in the months ahead and require greater vigilance. In its monthly Economy Review report for July 2023, released on Tuesday, the ministry said the […]

Business

Roving Periscope: Amid fears, India supports BRICS’ expansion

August 21, 2023 Vinayak Barot

Virendra Pandit New Delhi: Amid apprehensions that any expansion of the five-nation bloc of emerging economies—Brazil, Russia, India, China, and South Africa (BRICS)—by inducting new members could potentially turn it into an anti-West platform, New Delhi on Monday supported the move, on the eve of the group’s 15th Summit beginning in Johannesburg, South Africa. […]

Business

Business: India’s foreign trade crosses the USD 800 bn mark in Jan-June 2023

August 21, 2023 Vinayak Barot

Virendra Pandit New Delhi: Despite a global slowdown in demand, healthy growth in India’s total exports of goods and services buoyed up foreign trade in the first six months of 2023, which crossed the USD 800 billion mark, a think said on Monday. “India’s foreign trade (exports and imports of merchandise and services) reached […]

Business

Weather: Devastating tropical storm Hillary hits Mexico, California

August 21, 2023 Vinayak Barot

Virendra Pandit New Delhi: A devastating tropical storm, named Hillary, lashed Mexico and Southern California on Sunday, throwing the normal life of hundreds of thousands out of gear, inundating roads, trapping automobiles amid fallen trees, and forcing aviators to shut down hundreds of flights in and out of the severely affected region, early reports […]

Business

Roving Periscope: Dark days ahead as China’s real estate bubble bursts

August 19, 2023 Vinayak Barot

Virendra Pandit New Delhi: And, the wolf has finally knocked on the Dragon’s doors! A year after China’s humongous real estate sector, which contributes as much as a third to the Asian nation’s GDP, came under a cloud, Evergrande, the biggest player in the property market has filed for bankruptcy, the media reported on […]

Business

Roving Periscope: As Putin keeps away, BRICS Summit to begin in SA on Aug 22

August 18, 2023 Vinayak Barot

Virendra Pandit New Delhi: With Russian President Vladimir Putin, fearing arrest, keeping away from the BRICS Summit, the five emerging economies’ bloc will discuss a range of issues during its three-day event to be held in South Africa next week. The BRICS group of major emerging economies—Brazil, Russia, India, China, and South Africa—will hold […]

Business

AI&DS: AICTE partners with Jio Institute for faculty development programs

August 18, 2023 Vinayak Barot

Mumbai: The All India Council for Technical Education (AICTE) has partnered with Jio Institute for a Faculty Development Program on Artificial Intelligence and Data Science (AI&DS). This collaborative endeavor is being initiated under the ambit of AICTE’s ATAL (AICTE Training and Learning) program, which is designed to upskill and reskill faculty members from AICTE-approved institutions, according to […]

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Food price hikes: Reforms needed in supply chain management, says RBI

August 18, 2023 Vinayak Barot

Virendra Pandit New Delhi: India should introduce major reforms in food supply management for increased efficiency and productivity gains, and enable “stable prices for consumers, assured supplies, and remunerative proceeds for farmers”, a research team of the Reserve Bank of India (RBI) said. For this purpose, it said, India needs to adopt a sound […]

Business

Money laundering: Singapore seizes foreigners’ assets worth USD 734 million

August 17, 2023 Vinayak Barot

Virendra Pandit New Delhi: Cars, bungalows, and other valuables were among the USD 734 million worth of assets seized in a money laundering case in Singapore on Tuesday. In one of its biggest money-laundering cases anywhere, Singapore police said 400 officers fanned out across the tiny island nation on Tuesday and launched simultaneous raids […]

Business

Renewables: ONGC to invest Rs. 1 lakh crores by 2030 in low-carbon energy

August 17, 2023 Vinayak Barot

Virendra Pandit New Delhi: India’s state-owned behemoth Oil and Natural Gas Corporation (ONGC) will invest Rs. 1 lakh crore by 2030 in low-carbon energy opportunities, including renewables and green hydrogen as it looks to transform into a low-carbon energy player, the company said on Thursday. India’s largest crude oil and natural gas producer said […]